View more on these topics

Philbin to reduce Hasley fund risk

Richard Philbin 200

Hasley Investment Management is revamping its £23m Elite Hasley multi-strategy fund and launching three risk-rated funds under the tenure of former Architas chief investment officer Richard Philbin.

Last week, Philbin joined Hasley Investment Management as a partner.

He will take on the management of the £23m Elite Hasley multi-strategy fund and three risk-rated fund of funds the group is launching, which will sit across four volatility bands.

Hasley will assign its own risk rating to the funds rather than using a third-party risk profiler.

Philbin says: “We believe we can build these models in a way that will fall into all the different models of the third-party risk providers.”

Philbin plans to reduce risk in the Elite Hasley multi-strategy fund.

He says: “I have some changes to make to the fund. I want to lower the risk in the portfolio and bring it in line with how we want to risk-rate the portfolios.”

Philbin quit Architas in December 2010. Prior to Architas, he was at F&C Asset Management, where he spearheaded the team’s multi-manager range.

Hasley has also appointed Alastair George to manage the group’s £4.4m best ideas and £8.6m diversifier funds. George previously worked at Goldman Sachs as an investment strategist.

The Elite Hasley multi-strategy, best ideas and diversifier funds were previously run by Roderick Collins, who retired in June.

Philippa Gee Wealth Management managing director Philippa Gee says: “This is good news as Philbin is a capable manager with a decent background in this area.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com